Climate finance in India
Developed countries committed US$100 billion to climate finance by 2020, but fell short of their target, which was then extended to 2025. The financing gap is much wider for developing countries to achieve their climate goals. This paper presents the financing required to meet India’s renewable energy targets by 2030 and beyond, aligned with the 1.5°C scenario. The Global North produces 92% of excess global carbon emissions, as per a report published in The Lancet Planetary Health. Yet, climate change disproportionately impacts the Global South where people and communities are much more vulnerable to the impacts of extreme weather conditions.